Latest news with #Kinross
The Herald
3 days ago
- General
- The Herald
Teenager killed after trying to keep her home from being sold by stepfather
A Mpumalanga man who was under investigation for a murder has been arrested in connection with the death of his stepdaughter. The 17-year-old girl was found deceased inside a locked shack in Kinross on May 28, police spokesperson Lt-Col Jabu Ndubane said. She had been missing since May 23. "A request was made to the police to search a residence believed to be associated with the girl's stepfather. Upon arrival at the shack in Extension 33, Marikana, Kinross, police found the doors and burglar gates locked. Forced entry was made." Her body was found inside the bedroom, with visible head injuries, including a deep wound and a crushed forehead. It is suspected that she was raped before being killed. A bloodstained pipe wrench was found next to the bed and is believed to have been used in the murder. "Preliminary investigations suggest that the victim had recently argued with her stepfather over his intention to sell the shack that once belonged to her late mother," Ndubane said . "The teenager had reportedly objected, expressing concern for her younger siblings, who would need a place to stay in the future." Ndubane said the stepfather had been arrested for a separate incident involving the brutal murder of his 34-year-old girlfriend in Kinross. "He is now a suspect in both murders."
News24
3 days ago
- General
- News24
Missing teen found dead in stepfather's locked Mpumalanga home
A missing teenager has been found dead inside her stepfather's locked home in Mpumalanga. The 17-year-old was found inside the locked shack in Kinross on Wednesday after going missing last Friday, said police spokesperson, Sergeant Thulisile Magagula. 'A request was later made to the police to search a residence believed to be associated with the girl's stepfather. Upon arrival at the shack in Extension 33, Marikana, Kinross, police found the doors and burglar gates locked. Forced entry was made, and a gruesome discovery was made in one of the bedrooms,' said Magagula. The girl was found naked, covered in blankets, and her body was in a 'semi-decomposed state', said Magagula. The victim had visible head injuries. 'A bloodstained pipe wrench was found next to the bed and is believed to have been used in the murder,' said Magagula. 'Preliminary investigations suggest that the victim had recently argued with her stepfather over his intention to sell the shack that once belonged to her late mother. The teenager had reportedly objected, expressing concern for her younger siblings, who would need a place to stay in the future.' The man is currently in custody for a separate incident involving the murder of his 34-year-old girlfriend last Friday. 'He is now a suspect in both murders,' said Magagula. Acting provincial police commissioner Major General Zeph Mkhwanazi said: 'The brutal killing of women and children is unacceptable. 'These acts will not be tolerated. We are committed to ensuring that those responsible face the full might of the law,' Mkhwanazi added.
Yahoo
4 days ago
- Business
- Yahoo
Kinross Gold Commences 2025 Drill Program at Riley Gold's PWC Gold Project (Cortez District - Nevada)
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that the 2025 drilling campaign is underway at the Company's Pipeline West/Clipper Gold Project ("PWC") operated by Kinross Gold U.S.A., Inc. ("Kinross"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC). "We are happy that Kinross is ahead of schedule and to have the 2025 drilling well underway at PWC. As highlighted in our April 29, 2025 news release, the Kinross technical team along with Riley Gold's Paul Dobak, have defined high-priority framework drill targets in the highest-grade gold-in-soils anomaly known area on the property. These are exciting targets, based on geological and geophysical data interpretation, in areas that have never been drill tested within our 25 square km land package. Our PWC project is within the Cortez District that has a significant history of gold production and current reserves. PWC adjoins Nevada Gold Mines LLC ("NGM"), a joint venture between Barrick Gold Corp. and Newmont Corporation, that has current production within their Cortez/Pipeline complex," commented Todd Hilditch, CEO of Riley Gold. 2025 Kinross Exploration Plan and Map A comprehensive geologic model was built for comparison with the many Cortez Districts >5.0-million-ounce gold discoveries. The new step-out wide spaced framework drill holes are being spotted approximately 2.5 kilometers ("km") (up to 8,200 feet) northwest of the first Kinross drill hole in 2024 (see Figure 1 below) and include northwest vectoring to the highest-grade surface geochemical gold anomalies from the soil survey near the intersection of two major structures. The primary target is a large, disseminated gold deposit peripheral to the Gold Acres stock, which is the geologic setting for NGM's Pipeline gold deposit (see Figure 2 property location). Compiled geologic mapping, geophysical surveys, historical drill results, and gold-in-soil survey results uploaded in Leapfrog software support the new 2025 drill hole locations. Recent geologic modeling and interpretation by Kinross also provides a supporting structural foundation and information for the 2025 Drill Program. Additional soil sampling is planned by Kinross for the 2025 field season to increase surface geochemical coverage adjacent to the 2023 soil survey completed by Riley Gold. The previous soil survey returned significant anomalous gold-in-soil values that extended more than 3 km. Several pathfinder elements, associated with both Carlin-type and intrusive-related gold deposits, were also elevated in the first soil survey. Figure 1 - 2025 Drill Target Area To view an enhanced version of this graphic, please visit: Riley Gold entered into an exploration and venture option agreement (the "Agreement") with Kinross on March 13, 2024. The Agreement grants Kinross the right to earn up to a 75% interest in Riley Gold's PWC project by spending a minimum of US$20 million (see news release dated March 14, 2024 for details). PWC is located in Lander County, Nevada and consists of approximately 24.7 km² in the heart of the significant gold producing Cortez District (Battle Mountain - Eureka Trend). Kinross is funding and operating PWC and has a strategic 9.9% (on a partially diluted basis) equity interest in the Company acquired through a private placement. About PWC PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 24.7 square kms of unpatented mining claims and patented fee lands adjoining NGM. PWC is situated along the Cortez Structural Zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 2). The Cortez and Pipeline complexes (adjoining Riley's PWC project boundary) are top producers within Nevada, a State that has consistently produced between 4-5 million ounces of gold a year. Figure 2: PWC Location (project boundary approximate) To view an enhanced version of this graphic, please visit: Tokop Gold Project The Company also wishes to report that it has terminated all agreements related to its Tokop Gold Project and has relinquished the property. Previous drilling on the property did not provide results that warranted continued exploration under current junior market conditions. The Company is electing to preserve cash and reduce costs. Qualified Person This news release has been reviewed and approved by Richard DeLong, Director of Riley Gold and a 'qualified person', as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Riley Gold Corp. Riley Gold is an exploration and development company focused in Nevada, USA, of the Pipeline West/Clipper Gold Project located in the Battle Mountain Eureka Trend within the Cortez District. Riley Gold's founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration, development, and production. FOR FURTHER INFORMATION, PLEASE CONTACT: Todd HilditchChief Executive OfficerTel: (604) 443-3831 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary statement regarding forward-looking information This press release contains statements which constitute "forward-looking information" under applicable Canadian securities laws, including statements regarding plans, intentions, beliefs and current expectations of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking information. Although Riley Gold believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Riley Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties and the Company's future business activities may differ materially from those in the forward-looking information as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions and the ability to obtain the requisite approvals of the TSX Venture Exchange when necessary. Investors are cautioned that any such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties. Additional information on these and other factors that could affect Riley Gold operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website ( There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio
Daily Record
24-05-2025
- Daily Record
Scottish service station on M74 crowned the best in country
Scotland's best motorway service station is Cairn Lodge on the M74 near Douglas, praised for its cleanliness, layout, and local farm shop As millions of motorists prepare for a busy bank holiday getaway, a new ranking has revealed where drivers are best off stopping for a bite or a breather, and the results might surprise you. Consumer group Which? has released its first motorway service station league table in four years, naming the best and worst stops across the UK. Based on feedback from more than 4,000 members covering nearly 9,000 individual visits, stations were rated on everything from food prices to cleanliness and accessibility. Scotland's top performer was Cairn Lodge on the M74 near Douglas in South Lanarkshire, which came fourth overall in the UK with an impressive score of 72 percent, Scottish Daily Express reports. Owned by the Westmorland Family, the same independent company behind the widely loved Tebay and Gloucester services, Cairn Lodge drew praise for its spotless facilities, convenient layout and a farm shop packed with local produce. Though it lost some marks on price and outside space, the station scored four out of five in five key areas: shops, food and drink, facilities, cleanliness, and convenience and accessibility. Visitors described it as 'spotless' and 'exceptional,' echoing the kind of loyalty that has made Tebay a motorway icon. Cairn Lodge's high placement helped secure the M74 and A74(M) corridor as the best stretch for service stations in Scotland. Just 35 miles south, Annandale Water on the A74(M) in Dumfries and Galloway ranked second in Scotland and eighth in the UK with a 56 percent score. Operated by Roadchef, this stop is popular for its scenic location by a loch. In third place north of the border was Gretna services, also on the A74(M), with a respectable 53 percent score. Operated by Welcome Break, it tied for 13th place overall in the UK. At the other end of the table, Kinross services on the M90 in Perth and Kinross ranked bottom in Scotland, scoring just 36 per cent. Moto-operated Stirling and Hamilton stops also fared poorly, with 40 and 38 percent respectively. Across the UK, Gloucester Services on the M5, another Westmorland-run stop, claimed the top spot with an impressive 85 percent. Tebay on the M6 in Cumbria came second, while Rugby's Moto Services on the M6 in Warwickshire rounded out the top three. Bridgwater Services on the M5, run by Moto, landed at the bottom of the UK-wide rankings with a dismal 23 percent. Which? Travel Editor Rory Boland said: 'The best service stations are a convenient pit stop with decent food and facilities, however our survey shows those are few and far between and that many services are not up to scratch. 'Poor facilities and extortionate prices for food and drink were widespread complaints, but most shocking of all was how drivers told us just how many services were unclean. To avoid disappointment, people should plan their route to avoid the worst service stations and look for alternative places to stop.' Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Moto chief executive Ken McMeikan responded by pointing to improvements made since the survey. 'During the past two years, we have invested over £50 million in refurbishing our service stations and building a new motorway service area on the A1M at Sawtry,' he said. 'This substantial investment demonstrates our commitment to enhancing the experience for all our customers. 'We value customer feedback and are resolutely committed to addressing any concerns. The most recent independent Transport Focus study, conducted in the summer of 2023, surveyed a significantly larger group than the Which? panel. Moto achieved an average customer satisfaction score of 94 per cent across our Motorway Service Areas.' He added: 'Our commitment to continuous improvement is evident in our extensive refurbishment programme, particularly targeting older Motorway Service Areas. We've also invested heavily to refurbish 75 percent of our toilet blocks in the last five years.'
Yahoo
22-05-2025
- Business
- Yahoo
Kinross Gold and BP have been highlighted as Zacks Bull and Bear of the Day
Chicago, IL – May 22, 2025 – Zacks Equity Research shares Kinross Gold KGC as the Bull of the Day and BP PLC BP as the Bear of the Day. In addition, Zacks Equity Research provides analysis on SLB SLB, Halliburton HAL and Baker Hughes BKR. Here is a synopsis of all five stocks: I know what you're thinking. Gold stocks? In this environment? But hear me out. While the headlines are all about AI and big tech, there's an undercurrent building, one that could make Kinross Gold the golden child of your portfolio. That's why I'm naming it today's Bull of the Day. Kinross Gold is a senior gold mining company with a diverse portfolio of mines in the United States, Brazil, Chile, Mauritania, and Canada. Unlike some of its peers, Kinross doesn't just dig holes and hope for the best. They've focused on operational efficiency, cost control, and strategic asset optimization, all of which are showing up in the numbers. Analysts have taken notice. Over the last 60 days, four analysts have increased their earnings estimates for the current year, and four have done the same for next year. That's the kind of revision activity that drives our proprietary Zacks Rank. The Zacks Consensus Estimate for 2024 is now sitting at $1.04, up from 77 cents just two months ago. That might not sound like a lot, but in the world of miners where margins can be razor-thin, this kind of upside momentum is critical. Nest year's number is up from 80 cents to $1.16. That means current year EPS growth now calls for 52.94% growth while next year is expected to swell another 12.3% to $1.16. Let's not ignore what's happening in the broader macro environment. Gold has been blasting through record highs, and while some of that's tied to short-term safe-haven demand, there's a longer-term play developing. The Fed is likely to act soon and when that happens, the dollar weakens and real yields come down, both of which are rocket fuel for gold prices. Kinross, with its all-in sustaining costs (AISC) trending toward the lower end of the peer group, is poised to benefit disproportionately from every incremental uptick in the price of gold. If gold stays above $2,300/oz, Kinross won't just be profitable, it'll be wildly profitable. You'd think that will all of us running to the gas station a few times a week, that energy companies would be raking in the cash. It should make the whole sector a slam dunk, especially with attractive yields. However, that simply hasn't been the case for many of these stocks. The drag of lower oil prices has been putting some pressure on these stocks. These include today's Bear of the Day, BP PLC. BP has long tried to rebrand itself as a cleaner, greener energy company. Admirable, sure—but the market isn't rewarding ESG lip service when it comes at the expense of operational focus. While peers like Exxon and Chevron are doubling down on efficient fossil fuel production, BP has been pivoting toward renewables with mixed results. The problem? That transition isn't cheap, and it's dragging on margins. The most glaring issue here is earnings estimate revisions. Over the last 60 days, eight analysts have slashed their forecasts for the current fiscal year. The Zacks Consensus Estimate for the current year is now down to $2.38 from $3.53. That kind of downward pressure is the kiss of death for a stock in our ranking model, pushing BP into the dreaded Zacks Rank #5 (Strong Sell) territory. The yield is still nice though at 6.51%. There are other stocks within the Oil and Gas – Integrated – International Peers industry which are in the good graces of our Zacks Industry Rank. There are many names which are Zacks Rank #3 (Hold) stocks as well. The oilfield services industry is once again facing a cyclical downturn, shaped by falling oil prices, reduced upstream spending, and mounting cost pressures. Companies like SLB, Halliburton and Baker Hughes have all flagged a more challenging 2025, even as a few resilient areas offer some support. Falling Oil Prices Are Tightening Budgets: WTI's slide below $60 has triggered significant revisions to exploration and production (E&P) budgets. Independent producers like Diamondback Energy have already cut their 2025 capital budget by $400 million, while Coterra Energy plans to reduce its Permian rig count by 30% in the second half. With many shale drillers citing $65 as the breakeven point, every dollar below that takes a toll on profitability and service demand. With producer budgets under real pressure for the first time in years, drilling activity is beginning to slow, impacting oilfield service contractors across the board. Tariff Pressures Are Fueling Cost Inflation: Trade tensions have re-emerged as a major concern. SLB warned that nearly half of its operations are exposed to tariffs, especially those involving materials shipped between the United States and China. Baker Hughes said tariffs could impact 2025 EBITDA by as much as $200 million. Halliburton projected a 2-3 cent EPS hit in Q2 alone. As equipment costs climb, margin pressure builds. the Zacks Rank #3 (Hold) firm even raised concerns about producers pushing back on higher-priced equipment, especially in U.S. land markets. You can see the complete list of today's Zacks #1 Rank stocks here. North America Slows, While International Recovery Wobbles: North American oilfield activity has slowed significantly, with the downturn expected to stretch into the second quarter. As a proof of this, Halliburton's revenue in the region fell 12% year-over-year to $2.2 billion in the first quarter, and lower stimulation activity and completion tool sales led to a sharp margin decline in its Completion & Production division. Analysts now forecast rig count declines in the high-single digits and double-digit reductions in dayrates, which could compress margins by a fourth next year. The international landscape isn't faring much better. SLB reported a 5% drop in Q1 international revenues, with Latin America down 10%. Slow starts in key regions like Mexico, Saudi Arabia, and offshore Africa are weighing on recovery momentum. Reflecting this broad softness, BKR sees global spending to fall mid-to-high single-digit in 2025. LNG and AI Data Center Demand Offer Bright Spots: Even amid the slowdown, some verticals are flashing green. LNG infrastructure and data center demand continue to attract investment. Baker Hughes expects to book at least $1.5 billion in data center-related orders over three years. These projects, less sensitive to near-term oil price volatility, are helping companies cushion the blow. Power grid upgrades and natural gas infrastructure — especially in regions like UAE, Brazil, and Asia Pacific — are likely to keep certain service pockets active. Margin Compression May Delay Investor Interest: Despite historically low valuations, investor enthusiasm remains muted. Some drilling contractors are projected to deliver modest free cash flow yields over 2025-2026. Adding to the hesitation is the unclear timeline for the next upcycle. With margins under pressure and efficiency gains already baked in, many investors are holding back, waiting for clearer signs of stabilization before stepping back in. The oilfield services sector seems to be caught in a downturn, with soft commodity prices, weaker producer budgets, and tariff-related inflation driving slower activity across both North American and international markets. While LNG and AI-related infrastructure offer isolated growth, the broader picture remains mixed. Companies are bracing for flat or declining revenues, cost deflation, and uncertain pricing power, suggesting that investors may need to be patient through another bumpy stretch in the cycle. Moreover, the Zacks Oil and Gas Field Services industry currently ranks in the bottom 32% out of 245 Zacks Ranked Industries. As such, we expect this industry group as a whole to underperform the market over the next few months. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP) : Free Stock Analysis Report Schlumberger Limited (SLB) : Free Stock Analysis Report Halliburton Company (HAL) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Baker Hughes Company (BKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
